# MSCI Keeps Bitcoin Treasury Companies in Indexes

> MSCI delays dropping Strategy and bitcoin treasury firms from indexes after months of review.
- Title: MSCI Keeps Bitcoin Treasury Companies in Indexes | Shortify
- Summary: MSCI delays dropping Strategy and bitcoin treasury firms from indexes after months of review. MSCI decided not to exclude digital asset treasury companies…
- Keywords: msci, strategy, mstr, bitcoin treasury, index review, non-operating companies, passive funds, startups, business, Keeps, Bitcoin, Treasury
- Source: Startup Fortune — https://startupfortune.com/msci-decides-not-to-drop-strategy-and-bitcoin-treasury-firms-from-its-indexes
- Published: 2026-10-15T23:15:20+00:00
- Read time: 1 min
- Topics: msci, strategy, mstr, bitcoin treasury, index review, non-operating companies, passive funds, startups, business
## MSCI Review of Bitcoin Treasury Companies
MSCI spent months weighing whether to treat bitcoin-heavy companies like investment funds instead of operating businesses.

> For the time being
## Strategy Stock Reacts to MSCI Decision
Strategy's stock surged up to 7% in after-hours trading once MSCI confirmed digital asset treasury companies would keep their current index treatment.

> 7%
## MSCI's Stakes for Strategy
Strategy holds 848,000 bitcoin, the largest corporate bitcoin position globally, making it MSCI's biggest test case.

> 848,000
## Passive Fund Impact Risk
Exclusion could force passive funds to sell $2.8 billion worth of Strategy shares, potentially triggering $8.8 billion in total outflows.

> $2.8 billion
## MSCI's Previous Moves
MSCI first proposed excluding digital asset treasury companies in 2025, shelved the plan in January 2026, then returned with a two-stage test proposal in August.

> 2025
## Strategy's Capital Plan
Strategy rolled out a Digital Credit Capital Framework to sell up to $1.25 billion in bitcoin for dividends and buybacks.

> $1.25 billion
## What MSCI Actually Said
MSCI confirmed it will not increase index weightings for bitcoin treasury companies and that its indexes track operating companies, not investment vehicles.

> operating companies
## Key takeaway

MSCI decided not to exclude digital asset treasury companies from its indexes, keeping Strategy's stock from immediate sell-offs.